The growth was backed by several large deals the company won in the telecom space. Reliance Jio has built a greenfield IP network using Cisco gear to support its digital ecosystem, which comprises high-speed data network and a wide variety of content-based applications and services.

To counter Jio, Bharti Airtel and Vodafone, the country's top two telecom carriers, have also given new contracts to networking firms Juniper and Cisco to transform their respective legacy backhaul networks into pure so-called 'IP-fied' backhaul networks with latest Internet Protocol (IP) equipment, ET reported.

The company's revenue grew 41 per cent to touch Rs 6,696 crore for the financial year ended March 2016 from Rs 4,720 crore in the previous year.

Cisco's profits that were at Rs 234 crore in the year 2014-15, according to the company's latest filing with the Registrar of Companies.

The report added that Cisco had 189 employees earning over Rs 1 crore in pay packages.

The highest earning employee bagged Rs 16.17 crore salary, while the aggregate salary of the top ten employees in the country stood at ₹77.45 crore for the year, according to the data.